Ashford Hospitality Trust(US:AHT) Prnewswireยท2025-04-14 22:30Core Viewpoint - Ashford Hospitality Trust has successfully extended its mortgage loan with Morgan Stanley, enhancing its financial flexibility and extending the maturity of a significant portion of its debt [1][2]. Loan Extension Details - The mortgage loan, originally set to mature in November 2024, has been extended to an initial maturity in March 2026, with options for two additional one-year extensions, leading to a final maturity date in March 2028 [1]. - The current balance of the loan is $409.8 million, with an interest rate of SOFR + 3.39% [1]. Financial Strategy - Approximately 60% of Ashford Trust's outstanding debt will now have final maturities in 2027 and beyond, following this extension and the refinancing of 16 hotels completed in February [2]. - The company aims to strategically position its portfolio by refinancing and extending mortgage loans, thereby enhancing operational flexibility [2]. Company Profile - Ashford Hospitality Trust is a real estate investment trust (REIT) that primarily invests in upper-upscale, full-service hotels [2].